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[其他] Interesting article about Oil

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发表于 2009-1-13 18:58 | 显示全部楼层 |阅读模式
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Below is an Interesting article I found, which says that.....Do not
$ b' `% C* m! G. k' _expect much from Crude Oil producers and future is not with the 1 Z/ W% S7 j& R. x0 Z9 c& u, k
companies producing Jet fuels but Biofuels. Also no wonder if some of 2 e- @6 i2 K+ O4 g" u
these oil producer will go bankrupt or out of the business even if " J! W% N# u  l# i6 Z" C9 z5 C
crude prices improves. This implies also to good names such as Shell, " |/ M' f  u* m- ^& K
EXXON, BG, BP, Cheveron ....xyz.. oils ! A; u% Y; {. w
( {  H$ I1 C3 O; y' i) q
Recently OPEC reduced crude oil production twice over just a few
5 P$ }  S* S9 }& j/ S) {months. There are three wars going on in Gaza, Iraq and Afghandistan.
7 U) _9 {4 s6 g/ hA year ago these things would have spiked the price of crude oil by at ' i& m( `7 s* ]
least $50.00 per barrel. Today, oil price declined by a record amount. # O1 a1 t0 k3 U/ W8 ~
. n9 J' O6 F( N5 w. e
" L- {7 S5 k" D
There are several reasons the price of oil is decreasing in the face 0 H1 M  d/ h8 `& Q3 C
of so much news. These reasons are: % m/ q8 J' d1 [) U# o5 C5 Y
0 h+ v, C& M! H" U

: C, c' M. @/ S- j/ P* I1. New oil has been found in Canada, Montana, North & South Dakota and 6 v/ v7 O6 N! B8 H5 v
in the ocean near Brazil. Each of these oil fields has more oil than
. {5 {+ V; J+ ?Arabia. % l1 g( S. g) ?% i
2 u, t, t# f  s5 h( u+ P5 u

7 F% o1 ]$ p* @$ Y2. New natural gas has been found in Pennsylvania and West Virginia. " ]% l0 m9 g  d' V" r' |, \# E6 n
This is the largest find in North America.
2 M- P1 X+ k' x5 i% P5 Z; R0 K
  H, ^/ o4 E0 Z# X$ l8 }) v
5 e% T+ K( ]( m) x3. New methods of injecting CO2 and surfactants into oil wells is
8 p; Q# Y7 M6 F& a! |being used to double their output. " X3 W! E, T. e- [& J' l

/ h0 ]3 Z# m5 j9 `% B/ a- Q
% u$ q! s. S$ e3 `4. Production of bio-fuels is beginning to reach critical mass. Bio
/ w& a8 [# O& H& k# l! Hfuel is being produced from many plants and algae. The production # c9 y$ X% w1 i0 j6 o
potential per acre in some cases is astounding. Many countries are
- s5 ^* E+ u7 e5 ]. qracing to produce bio fuels.
' x2 E9 W' _2 k  J* Y! M) T' {0 [7 u  ?/ y9 }  j, e& \7 G+ @
5 A1 G* K9 n  z9 I% ^3 f
5. Virtually every restaurant in the US and all food processing plants
" t; K& z( G7 R8 a' N4 A7 U5 Nare now selling their used oil to bio-diesel producers. Every pork,
& j. \3 _, V$ vcattle, turkey and chicken processing plant will soon sell their fat
0 M! T# C6 n6 ^& Y- _to bio-diesel producers. One pork processing plant in Oklahoma is
; T' B( [- _6 ?8 Pproducing 30,000 gallons of bio-diesel per day from pork fat. 1 G  i% P9 p4 E  _& P6 k

9 \- S1 z- \9 ~5 ^- i9 f# h8 p" |/ |- j5 V2 Q. l; B& [3 r
6. There are 99 nuclear reactors in various stages of planning and
) v, H: }. V% `# w$ kconstruction around the world at this time. Several hundred more are
* k( @0 N" z. [3 |% ?6 g! _% Eexpected to be built in the future. Much of the energy they produce 5 o5 l6 X" ?& A7 C# U9 U7 w
will replace oil.
, W, k: {" X9 P  e% S3 z& L3 T% Q1 r1 r% `0 T' f9 O+ N1 o; R3 Q
7 Q; C+ G+ W9 j+ k$ W4 e
7. Every company in any form of transportaion business is replacing
3 `8 @- U" e' ]/ W' B  [older equipment such as trucks, airplanes, train engines, ships, etc. 3 w" |$ g# R3 ], @4 z
with new more fuel efficient equipment. Airlines and railway companies
( s7 o4 X0 e5 Tare experiencing 20% to 25% better fuel econony with the new
7 q! \+ K( Y$ ~: F8 e& \equipment. 4 ^2 c8 O+ L" X$ q8 S

9 h% J6 A) M1 p& n9 ^7 X- t4 L) w4 \$ ~- U
Airlines are flying airplanes with bio-fuel. They are finding the bio-
- k+ Y$ I7 |5 g# Q2 u' j$ Gfuel is cleaner and performs better than jet fuel.
  I- G( U) @  ?1 h* `! }' q; n  V( O
9 {$ r: P% i% f8 ?( z& c. h& Y: J$ r
8. Cities and counties throughout the US are selling the rights to
$ `* ]5 E& ^5 t4 L2 T5 c4 R9 @capture methane gas from landfills. This is a huge source of gas 8 r: i  G1 Q0 ^. A0 U
available at very little cost or risk. The gas is displacing crude
! u0 Q% X$ D! D* c' poil. 0 Q7 S" g$ x$ q4 p: ]6 l& u9 o. f

, Y' s# O  }& q- f$ X* k  `3 r  Y7 c8 D  o8 _- v. C7 l
9. Coal is being transformed into a clean burning liquid fuel. The CO2
/ t0 _+ ~  P. e7 P* I. ?% zproduced as a byproduct is sold to oil companies for injection into ; P2 {' s" a7 y
oil wells.
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+ e. s$ S  A5 {- a4 Q5 X5 B
% O% M; E& ]+ ?$ r4 T8 }; N2 R  o10. Solar, wind and ocean energy is displacing oil as an energy $ ^; G2 n- f9 l" \
source. Three new wind turbines are being erected every day in the US.
% X& y/ G" ]/ s/ W' j5 ?( o6 W! {, H* Q  V/ y% D: a

1 e3 [+ K0 M( P: }; ]Each of the above by itself will not make a large difference in the # ?; x& ~0 B! D/ G
price of crude oil but the sum of all of them together is world ! R$ r! D2 y% u
changing. The important thing is that OPEC no longer has the ability
! R: p/ r8 i' a2 A' w# Ato control oil prices. 1 {1 y+ @% j2 Y# ]! ~5 j9 g  X

% d( H( H, j9 {5 h, u* {6 I- \$ B+ h, a) y# `
With the above scenario, I still believe that there are under
& M: |# a; ^+ B1 v* D1 W6 Mperformed OIL companies and probably they are yet to get the justified
& J9 g6 X( N) Qvalue .....
0 y1 q8 s& S- v  @7 x" pIAE- Ithaca , EPL Energy Partners Ltd, Opti etc ...
. J. u/ P% ?; C5 V$ D& T
+ f! Q6 d: M; O2 L$ t7 h7 U
8 }* }$ V& X. b2 i* {The above articles are from WSJ .............PUBLISHED ON 9TH JAN
3 k; m& ]. ^9 p; ?+ y2009 ... FYI-Only
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